Further blow to Woodford investors as £550m deal falls through - reports

Fire sale could be forthcoming

David Brenchley
The deal consisted of a portfolio of biotech start-ups

The deal consisted of a portfolio of biotech start-ups

A deal to find investors to buy a portfolio of biotech start-ups held in the LF Equity Income fund for £550m has fallen through, according to reports.

PJT Park Hill, the company tasked with offloading the illiquid part of the fund's portfolio, formerly run by Neil Woodford, gave a period of exclusivity to WG Partners to assemble a group of investors...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Investment

Justin Onuekwusi

Justin Onuekwusi promoted to head of retail investments at LGIM

Retains management duties

James Baxter-Derrington
clock 27 January 2022 • 1 min read
The Federal Reserve

Federal Reserve holds interest rates while signalling hike in March

Confirms QE will end in March

clock 27 January 2022 • 3 min read
Under the terms of the acquisition, RMG shareholders will be entitled to receive 0.07392 AssetCo new shares for each RMG share they hold.

AssetCo agrees River and Mercantile takeover

R&M shareholders to own 41.6%

James Baxter-Derrington
clock 25 January 2022 • 2 min read